Archive List for US bank

First Republic collapse sparks regional bank shares sell-off

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AlJazeeraEnglish

The failed US bank First Republic is being acquired by its rival JPMorgan Chase, in a $10.6bn deal. Regulators had taken control of First Republic after a crash in its share price. It is the third US bank failure since March, and there are fears it will not be the last. Al Jazeera’s Kristen Saloomey reports from New York, the United States. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News #UnitedStates #Bankcollapse

US guarantees Silicon Valley Bank deposits amid bank crisis fears

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AlJazeeraEnglish

The United States government has announced it will guarantee deposits at failed Silicon Valley Bank (SVB), as financial regulators rush to alleviate fears the tech-focused lender’s collapse could set off a broader financial crisis. In a statement on Sunday, the US Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) said that all customers would be protected and be able to fully access their funds following the bank’s collapse. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ @AljazeeraEnglish #Aljazeeraenglish #News #UnitedStates #SiliconValleyBank